If you know anything about cryptocurrency then probably you know also about Bitcoins. In early when Bitcoins was launched in 2009. The value of the coin was just 35 paisa. Now today 1 Bitcoin is worth more than 3 lakh.

Since everyone wants to invest in digital currency in today modern world. Also, not everyone’s wallet allows them to spend 2lakh or 3 lakh instantly for the investment in Bitcoins.

Compare to this a new coin was launched a few months back known as ATC coin. In April 2017 it was just rupee 1 for per ATC coin. Now it’s around 10 to 15 rupees per coin. So it’s growing fast.

So I thoughted if not Bitcoin then why not ATC coin?

We will see in this post that we should invest or not? Is it legal or it is a scam only?

What is ATC coin?

ATC coin is the investment in MLM market opportunities. If you will visit the official website you will get to know that what type of investment this is.

Everyone investor has a fear of failing in scam. On the official website, there is no background information of the company. They have not mentioned the details that who owns it. Also no market trade details. When was it run what was the first place? All this type of important details is not mentioned on the website.

On the website, a page Is titled as “legend’s involvement”. They describe it as the involvement of peter their, Richard Branson, Eric Schmidt, Warren Buffet, and Bill Gates. It is only said by them not defended by them. You will also not find anything that will indicate the involvement of them.

The domain name was registered on March 1, 2017. It was registered privately. So it is nearly impossible to find that who owns it.

As the price of the ATC coin is growing and increasing rapidly. So everyone wants to invest in this coin. In starting of this digital currency the people who bought it does manage to earn some good amount of money till now.

You can invest more of which you will get the same worth of ATC coin every month for next 18 months. Suppose you have invested total 10,000 in this. Then in their 18-month lock-in period, you will get total Atc coin of 10,000*18= 180000. You can redeem it after 18 months only. As you are in the 18-month lock-in period. The referral criteria are also there to earn some extra amount of coins.

What product ATC coin offers?

The biggest lack of the ATC coin is the lack of product line. ATC coin isn’t sold and markets anything to the retail customers.

When a company trade in the market and does not offer any products and services to sell, it qualifies for the pyramid scheme. So in this being an affiliate you only have to offer affiliate membership to the individuals that are looking for a new company. Whenever there is a negative point that breaks the business bridge. It increases the chances of scam

The cost of joining ATC coin?

The minimum amount of investment is 1,00,000INR. That is 1544USD.

You can invest more of which you will get the same worth of ATC coin every month for next 18 months. Suppose you have invested total 1,00,000 in this. Then in their 18-month lock-in period, you will get total Atc coin of 10,000*18= 1800000. You can redeem it after 18 months only. As you are in the 18-month lock-in period. The referral criteria are also there to earn some extra amount of coins.

How does ATC coin work?

As being an investor in the crypto market I will see at the technical terms. That is on which Blockchain it is working, the company’s plan and documents about currency, security check everything.

According to me, they are not using any technical background. As they have no whitepapers, no roadmaps nothing on their site.

On the Freelancers, you will find something interesting about ATC coin. They are looking for someone who can build a fake cryptocurrency as well as a site for them.

Also, for mining the coins like Bitcoin and Ethereum you have mine it using Computers/hardware. Here also a point that ATC coins are mined automatically. So it does not make any sense to supporting this coin.

Why is the price of ATC coin going up?

Everyone is watching that the price is increasing rapidly, but no one is trying to take out the reason behind this.

I also agree that the price is going up. I will explain that why it is increasing so fast?

As the minimum amount of investment is 100000 and also as I have mentioned before also that there are 18 months lock-in period. So here in this type of trading, everyone is just buying the coins no one is selling it because of the lock-in period. So the market price is increasing. You can sell your only those coins which you have earned from referral.

So because of this, the price will go on increasing unless and until people stop investing or any organization takes action to stop the scam. Suppose if the price starts decline one day you cannot sell your coins either. Basically, you cant do anything rather than watching your money burn.

Where can you use your ATC coin?

After some time you can use your coins like the normal money for purchasing the Flipkart, Amazon products. You can also use it for recharge your postpaid, prepaid mobile, DTH etc. You can use it for purchase Patanjali online products. You can book air, bus ticket. You can also book cabs. You can use it for your daily life products. These are the future plan also.

ATC coin plans?

You can invest more of which you will get the same worth of ATC coin every month for next 18 months. Suppose you have invested total 1,00,000 in this. Then in their 18-month lock-in period, you will get total Atc coin of 10,000*18= 1800000. You can redeem it after 18 months only. As you are in the 18-month lock-in period. The referral criteria are also there to earn some extra amount of coins.

Level income

Level 1 – 10% commission for each member

Level 2 – 3% commission

Level 3 – 2% commission

Level 4 – 1.5% commission

According to them, you can earn 1 crore by investing just 5000. Like to earn 5 or 6 lakh you have made around 4 to 5 thousand people fool.

Conclusion

Honestly, I think that it is a scam. They have no whitepaper any Roadmaps. No proper information about the owner. No proper plan for the company. No developing team, they are now finding a developer to develop their site. This is foolish. The website is damn slow and irritating. Also, the fake media is a really bad trade.

Crypto is very volatile. Invest only that much money that you will be able to accept the loss. From my view, I will not invest my that much money in this undeveloped or probably you can say fake products.

About Author

Mahesh Chaube

Hey,
This is Mahesh Chaube, computer Engineer by Education and Crypto Blogger by Profession From Mumbai. Here at coinraja i write about money making and Reviews on Cryptocurrency Related Thing. I hope you are enjoying My post.
cheers !!